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TriggerCharts - ALTIMETER
Version 1
TriggerCharts Altimeters display a real-time representation of developing balance and imbalance areas by measuring volume-at-price, a statistical method for aggregating trading data that has its roots in Auction Market Theory and Market Profile®. Altimeter “profiles” are displayed as a series of three horizontal lines. The profiles are calculated based on the price action from the previous profile and new profiles are derived from a proprietary swing and momentum algorithm that actively calculates the next Altimeter profile. NOTE: ALTIMETER is optimized for trading and analyzing stocks, Futures and Forex instruments. • Specifically designed for profiling securities that have a volume component. However, if no volume exists, as in the case of currencies, the indicator will shift to a time-at-price algorithm • Altimeters are usable on all time frames • Use to identify low risk, high probability areas to trade while measuring relative volatility ALTIMETER is part of the TriggerCh...
TriggerCharts Altimeters display a real-time representation of developing balance and imbalance areas by measuring volume-at-price, a statistical method for aggregating trading data that has its roots in Auction Market Theory and Market Profile®.

Altimeter “profiles” are displayed as a series of three horizontal lines. The profiles are calculated based on the price action from the previous profile and new profiles are derived from a proprietary swing and momentum algorithm that actively calculates the next Altimeter profile.

NOTE: ALTIMETER is optimized for trading and analyzing stocks, Futures and Forex instruments.

• Specifically designed for profiling securities that have a volume component. However, if no volume exists, as in the case of currencies, the indicator will shift to a time-at-price algorithm

• Altimeters are usable on all time frames

• Use to identify low risk, high probability areas to trade while measuring relative volatility

ALTIMETER is part of the TriggerCharts Commander Series of Indicators. See other bundle pricing in the Tradestation Strategy Network.

** Additional workspace and desktop will be send on subscription
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Customer Reviews
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Average Customer Rating:
 (2)
Self employed
October 26, 2016 Version: 1
By:Rae DeGourville
I have tried many indicators in the past, after using the Altimeter it is very much a keeper, I will continue to use it as one off my main tool for trading.
I would definitely recommend it to others to improve their trading.
Essential Tool for any trader
July 26, 2015 Version: 1
By:Jean Lara
Within the set of tools that every trader must have, it should not miss one that is based on volume. And although there are very good free tools, such as "on balance volume", at the time of having a better study of volume and price, the concepts of "market profile" are fundamentals.

And that is precisely what this tool gives, as well as others of the same developer, and it’s what makes them so valuable for any trader. In the particular case of the "altimeter" the importance lies in having a dynamic reading of the market’s auction and be able to find high probability areas of vertical movement.

The tool graphically shows three lines that form in a dynamic way, which is even more important, points of resistance, support and balance, which serve to take the most important decision that any trader must take, decide when to enter and when to exit the market.

When a breakout occurs in some of the lines, this indicates that the market is coming out of a movement of laterality and entering in a movement of verticality, which indicates high probability of volatility and hence, of profit.

Configuration is very simple and in the complete package (that include others indicators) there is an explanatory video to extend the concepts and its operation.
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Developer
Requirements
Tradestation 9.1 (Update 22)
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Stock
Style
Swing Trading
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Analysis Techniques
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